Today
- Updated
- Employment
Rate rise chances grow as employment jumps
The market is pricing in a one-in-five possibility that the RBA will increase the cash rate when it meets next month, after strong jobs numbers in June.
- Updated
- Michael Read
One in 40 highly indebted homeowners are behind on their mortgage
Banks expect home loan arrears to increase further as more borrowers struggle to deal with high interest rates and cost-of-living pressures.
- Updated
- Michael Read
How the RBA became a global outlier in its inflation fight
This week on The Fin, economics correspondent Michael Read explains why inflation has proved stickier than expected and raised the stakes for the RBA’s big bet.
Waller says Fed getting ‘closer’ to cutting rates
Federal Reserve governor Christopher Waller has added to a growing chorus of officials who have signalled that they are moving closer towards a rate cut.
- Craig Torres and Steve Matthews
Yesterday
- Updated
- Big four
ANZ board ‘acutely focused’ on trading scandal
In a note to staff, the bank’s executives said directors and senior management met on Tuesday to review probes into workplace conduct and market manipulation.
- Updated
- Jonathan Shapiro and Lucas Baird
The suburbs turning into buyers’ markets as listings pile up
The sharp increase in inventory levels is creating favourable conditions for buyers, experts say.
- Nila Sweeney
- Opinion
- Chanticleer
Stocks just keep rising, but bonds are flashing a big warning
Wall Street’s rally is grinding on, and now seems to be broadening out. However, beneath the surface, there are signs of fragility that shouldn’t be ignored.
- James Thomson
This Month
Interest rates might need to stay high to tame inflation: IMF
The IMF’s warning comes as economists await June quarter CPI numbers, which will be decisive in determining whether the RBA raises interest rates in August.
- Michael Read
- Exclusive
- Big four
ANZ suspends traders for alleged misconduct amid markets probe
The bank’s executives are battling to contain a growing scandal about its trading team, with the regulator investigating whether bond trades were manipulated.
- Jonathan Shapiro
Bond market dials up US rate cut bets; RBA left behind
Goldman Sachs says there is now “solid rationale” for the Federal Reserve to start cutting rates this month. It’s a different picture in Australia, where markets are still pricing in a rate rise.
- Sarah Jones
The only analyst still backing CBA says the huge price is worth it
Shares in the country’s largest bank have rallied 30 per cent in 12 months, with fund managers and every broker – except CLSA – saying it is too expensive.
- Lucas Baird
- Opinion
- Chanticleer
Why these 14 ASX stocks could be set to disappoint
The sharemarket might be flirting with all-time highs, but there’s a growing sense investors are far too optimistic about earnings growth next financial year. Here’s why.
- James Thomson
The city that is still relatively affordable to buy a house
Rapid house price increases in the past year has sparked a sharp decline in the proportion of affordable house markets across Perth, Brisbane and Adelaide.
- Nila Sweeney
ASX tops 8000 as rates rally sweeps global markets
Shares hit never-before-seen heights on Monday, but strategists are warning that the issues facing the Australian economy are far from over.
- Joshua Peach and Sarah Jones
- Opinion
- Chanticleer
Why this strategist thinks the ASX at 8000 is a warning sign
Barrenjoey’s chief macro strategist won’t spend much time celebrating the latest milestone. He says the index’s fair value is about 7300.
- James Thomson
- Opinion
- Chanticleer
Why Macquarie guru Viktor Shvets says ‘Trump trade’ just got trickier
More certainty for markets of a Trump victory now might mean more uncertainty later if he sweeps November’s elections.
- James Thomson
ASX to hit 8000 as markets bank on Federal Reserve to cut rates
It’s taken the local bourse just over three years to climb another 1000 points after breaching the 7000 level in April 2021, fuelled by pandemic-era stimulus.
- Sarah Jones
Why this segment of the housing market is struggling
Despite the overall increase in Sydney’s home values, pockets of weakness are emerging in higher-end markets and starting to spread.
- Nila Sweeney
- Opinion
- Opinion
Reserve Bank’s path to a soft landing is very narrow indeed
Further rate rises would make it harder for the RBA to achieve the trifecta of a small rise in spare labour, with employment still increasing and inflation back at target.
- Jonathan Kearns
- Opinion
- Federal Reserve
Why the US Fed needs to start cutting rates now
Key inflation and employment data that central bankers use to guide monetary policy lag far behind economic turning points, which results in hugely suboptimal rate decisions, writes Vimal Gore.
- Vimal Gor
